Bitcoin is a better bet than tech stocks, Michael Saylor
In a recent interview with MMCrypto’s Chris Jaszczynski, MicroStrategy CEO Michael Saylor said a bet is better than a bet on tech stocks. The CEO has talked a lot about Bitcoin and its potentials since his company gained exposure late last year. It’s worth noting that MicroStrategy was the first publicly traded company to buy Bitcoin as part of its treasury policy. Saylor believes that Bitcoin’s upside potential is phenomenal. He made a pretty lofty prediction when he put a $ 14 million price tag on each Bitcoin. The CEO, who is an early investor in a slew of tech stocks, said that none looked as good as Bitcoin now. I have invested in everything, I was one of the first investors in Apple (NASDAQ :), Facebook (NASDAQ :), Amazon (NASDAQ :), Google (NASDAQ :), OpenTable, eBay (NASDAQ 🙂 and PayPal. And I made huge amounts of money. I did 10 times, 20 times my money on those things and let me tell you, none of them look as good as they do to me. The basis of Saylor’s predictions is the massive flood of capital comprising “cash, debt, stocks, [and] commercial real estate indices ”expected to flow into Bitcoin. He estimates that up to $ 300- $ 400 trillion could enter Bitcoin. This is almost 60 times the $ 600 billion prediction that JP Morgan gave last year.